Sales up and losses down at Zinkia

Spanish producer ‘Pocoyó’s Zinkia ended 2011 with a loss of €84,000, representing a 96% reduction in the debt it recorded the previous year, according to interim results submitted by the company.

Net sales stood at €13.22 million, representing more than double (+121%) income from the previous year, thanks to international expansion and improvement of sales from the exploitation of new media.

Finally the company’s gross operating profit (EBITDA) was € 1.68 million, compared to the negative result of €511,000 euros in 2010. Zinkia explained that EBITDA is lower than projected due to the increased amount of the item of supplies.